Analysts’ Weekly Ratings Changes for Generac Holdlings (GNRC)

Generac Holdlings (NYSE: GNRC) recently received a number of ratings updates from brokerages and research firms:

  • 10/11/2017 – Generac Holdlings was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $55.00 price target on the stock. According to Zacks, “Generac Holdings Inc. is a manufacturer of backup power generation products serving residential, light commercial and industrial markets. The Company designs, engineers, manufactures, and markets a range of automatic, stationary standby, and portable generators. Generac’s power systems range in output from 800 watts to 9 megawatts and are available through a broad network of independent and industrial dealers, retailers and wholesalers. The Company offers generators fueled by natural gas, liquid propane, gasoline, diesel, and Bi-Fuel. It also provides air-cooled engines. In addition, Generac designs, manufactures, sources and modifies engines, alternators, automatic transfer switches and other components necessary for its products. The Company’s generators are fueled by natural gas, liquid propane, gasoline, diesel and Bi-Fuel (combined diesel and natural gas). Generac Holdings Inc. is headquartered in Waukesha, Wisconsin. “
  • 10/4/2017 – Generac Holdlings had its “buy” rating reaffirmed by analysts at Robert W. Baird. They now have a $50.00 price target on the stock.
  • 10/3/2017 – Generac Holdlings was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 10/2/2017 – Generac Holdlings was upgraded by analysts at KeyCorp from a “sector weight” rating to an “overweight” rating. They now have a $55.00 price target on the stock.
  • 9/27/2017 – Generac Holdlings was upgraded by analysts at TheStreet from a “c+” rating to a “b-” rating.
  • 9/15/2017 – Generac Holdlings was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 9/15/2017 – Generac Holdlings was upgraded by analysts at Bank of America Corporation from a “neutral” rating to a “buy” rating. They now have a $50.00 price target on the stock, up previously from $45.00.
  • 9/10/2017 – Generac Holdlings had its “hold” rating reaffirmed by analysts at KeyCorp.
  • 9/8/2017 – Generac Holdlings was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 9/8/2017 – Generac Holdlings had its “hold” rating reaffirmed by analysts at Oppenheimer Holdings, Inc..
  • 9/8/2017 – Generac Holdlings had its “hold” rating reaffirmed by analysts at Canaccord Genuity. They now have a $42.00 price target on the stock, up previously from $40.00.
  • 9/7/2017 – Generac Holdlings was upgraded by analysts at Bank of America Corporation from an “underperform” rating to a “neutral” rating. They now have a $45.00 price target on the stock, up previously from $34.00.

Generac Holdlings Inc. (NYSE GNRC) opened at 49.09 on Thursday. The firm has a 50-day moving average of $44.07 and a 200-day moving average of $38.16. Generac Holdlings Inc. has a one year low of $33.77 and a one year high of $49.29. The company has a market capitalization of $3.05 billion, a P/E ratio of 29.32 and a beta of 1.41.

Generac Holdlings (NYSE:GNRC) last announced its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.05. The business had revenue of $395.40 million during the quarter, compared to analysts’ expectations of $383.14 million. Generac Holdlings had a return on equity of 46.60% and a net margin of 7.00%. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.64 EPS. On average, analysts anticipate that Generac Holdlings Inc. will post $2.98 earnings per share for the current year.

In other news, CEO Aaron Jagdfeld sold 5,000 shares of Generac Holdlings stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $40.44, for a total value of $202,200.00. Following the completion of the transaction, the chief executive officer now owns 1,039,911 shares in the company, valued at approximately $42,054,000.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 15,000 shares of company stock valued at $619,400 in the last quarter. Company insiders own 3.00% of the company’s stock.

Generac Holdings Inc (Generac) is a designer and manufacturer of power generation equipment and other engine powered products. The Company serves the residential, light commercial, industrial, oil and gas, and construction markets. Its segments include Domestic and International. The Domestic segment includes the Generac business.

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